Mumbai, May 29 -- The Reserve Bank of India (RBI) has reported a sharp rise in money market activity and sustained momentum in bank credit growth during the financial year 2024-25.

According to the central bank's latest report, the average daily volume in the money market rose by 10 per cent to Rs 5.5 lakh crore during 2024-25 compared to the previous year.

The report noted that both bank deposits and credit continued to grow at a double-digit pace during the year. Although deposit growth lagged behind credit growth, however the gap narrowed over the course of the year.

Notably, public sector banks (PSBs) recorded higher credit growth than private sector banks, highlighting their active lending approach.

According to the report, bank ...